Process Efficiency
Process efficiency refers to the ability of a system or organization to deliver outputs with minimal waste of resources, such as time, materials, and labor. It focuses on optimizing workflows to achieve maximum productivity while reducing costs. By streamlining operations, businesses can enhance their performance and improve overall profitability.
Improving process efficiency often involves analyzing existing procedures, identifying bottlenecks, and implementing best practices. Techniques such as Lean Management and Six Sigma are commonly used to refine processes. Ultimately, higher process efficiency leads to better quality products and services, benefiting both the organization and its customers.